Long
Almost there
Dgd broke through its last remaining uptrend line. Bearish divergence on stoch, oversold on rsi and reaching the bottom on momentum. One more leg down and we should have a completed gartley pattern. First chart here and this is not advice. Trade DGD with caution as its swings can be violent.
Note
BTC currently falling. Depending on its severity, DGD could be breaking out. It usually collapses quickly though so be careful!Note
Note
Currently battling 2 long term trend lines and at the bottom of the bollinger. Gartley still in effect. We could see a major pop here if BTC continues its fall. Super hard to say though as sometimes it gets it dragged down with BTCTrade active
solid support here at 210
Note
Gartley complete. Now we waitTrade active
Need to get above that trendline and on top of the .618 otherwise it will most like fall to the .015s. If .618 confirms as support this will turn into a nice longterm play.
Trade active
Closed on above the downtrend line on the 1 hour. Need to break through the .24 range now. This thing could fly with some real volume
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sorry I meant the uptrend line. I get my verbiage mixed up quite a bit lolTrade active
Need to hold here above the .618. Good volume coming in though. Still awaiting the real volume.
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Look for decent resistance @ .0255. If able to penetrate and hold then the next stop is .0275. A fall below the downtrend line will be a huge red flag and the .015 range will be its next stop.Note
Really running here. Broke the uptrend line. Reaching overbought levels on the 4hr. However, this thing has been pushed down so far I dont know how much it will correct. Will probably touch the .618 at some point though as support confirmation but it will absolutely touch the longterm uptrend line
Trade active
Should get a nice bounce off of the short term .5 and longterm .618 where we will also run into the 200 ema. The short term fib is based off the 4 hour tf
Note
Getting pinched here. Expect some consolidation and then a pop to .27ish
Trade active
Wrapping up consolidation here. Should start trending up within the day. No real support below the 200 hour until we reach the downtrend line. A break below that support would be very bad.
Trade closed: stop reached
Await reversal before any new entry
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.